The euro is still weak against the dollar, mainly due to dollar strength.
Retail sales for Germany were released this morning, showing a 4.2% rise month-on-month in May. This fell short of expectations of a 5% rise; however, increases were seen in sales of food, beverages and tobacco, textiles and clothing.
Several European Bank Officials will speak today, starting with President Christine Lagarde this morning. The markets will be listening for any comments regarding inflation and tapering monetary policy.
